Evening Star Newspaper, February 5, 1930, Page 12

FR FINANCIAE, " THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, FEBRUARY 5, 1930. TRANSACTIONS ON THE NEW YORK CURB MARKET —Prev. 1930.— UTLITES FEATRE TRADING ON CURG Electric Bond & Share Is Leader in Increased Volume of Sales. FINANCIAL, emmm— BANK WL REOPEN ATSEAT LEASAN Committee Plans for Opera- tion of Southern Maryland Trust Co. Stock and Sales— Dividend Rate. Add 00. Vacuum Ofl (t4%).. 7 Venezuela Ptm(20¢). 10 Vick Fin Corp. . Vogt Mfg Co (2). Walgreen Co.... , Walzreen Co war ~Prev. 1930.~ Stock and Sales— ow Dividend Rate. Add 00. Oven, Intercoast Trade (1) 5 22 Intercontinent Petn. 82 Intl Petrol. n(62%¢) 19 Inter Prod pf (6).... 1 1 1 Notice—All stocks are sold in one hundred-share lots excepting those designated by the letter s (65s) (283s), which shows those stocks to be sold in odd lots only, ~Prev. 1030.—~ Stock and Sales— Low. Dividend Rate. _ Add 00. Open. High. Low. Close. 44 Acme W Co vte (32). 1 48 48 48 48 81 Aero Sup Mfg B. 8 20% Agfa Ansco.... 21% 21% Ainsworth Mfz 12%. 25 16 All Amer Gen Corp. . 17% 4 Allegheny Gas Corp. 615 12% Allied Mills (60¢) ... 14% 35% Allied Pow & Lt 45% 45 Allied Pwr&Lt pf(3) 48 76% Allied P&L 1st pf(5) 108 Aluminum Co, Ltd. . 275 Aluminum Co of Am 26% Alumn Ind, Inc(1%) 4% Am Brit & Cont. 37 Am Chain 3).. 68 Am Cigar Co.... 37% Am Cit P&L A (ad). 14 AmCP&L B (b10%) 23% Am Cwlith PADb10% 34% Am Cwith P Bb10% 4% Am Cmwlth Po war. % Am Control Ofl Fids. Am Cyanam B (1.60) Am Dept Stores 15% Am Equities. . 65% Am For Power war.. 113% Am Gas & Elec (31). 4% Am Investors (war) 10 Am Invest Inc B.... 2631% 225 Am Lt & Tract (10) ~Prev. High. Low. Close. | High. 3 23 1 22 1% 1 Low. Close. 5% 95% 2% 2| 8y 8 Open. High. 6 96 United Ch pt pf (3)., United Corp war United Dry Docks. ., Unit El Ser pur war. United Gas Co. . Insurance Sec (1.40) Intl Superpow (21). Tternatl UtA (3%).. > 2a % | | | | | 6% 1% 1% _10% 44% T40% ] 14% 12 18 9% M 5 31 28% 2% 24 W % 42% 35 % United Milk Prod. . . U S Dairy B. U S Elec Pwr ww. U S Finishing (32)’ 4« USFoll B (1).. U S & Interntl Sec US&InSctf (21), U S Lines pf (50c) USSharesFin.... Unit Verde Ext (4). % Unity Gold. . i Utility Pw & Lt(a1). UtIP&L B ctfs (al). Utility &1Ind. ..., Util & Ind nt (1% Utility Equities. Wil-Low Cafeteria. Winter (Benj)... Woodley Petroleum. Worth Inc A. Zonite Prod (1.60). RIGHTS. Expire. Con Gas El L&P..April 1 Crocker Wheeler Liggett & M. New Eng. T.&T. So. Cal. Edison Trans Corp. s 6 .02 Dividend raty Y . quart annnf] RrES, {00 10 Goilars Sased oo lask Gu Ex-dividend_ 1 ra in stock. s Payable ip cash oF Hlock b Payuble In stock. @ Favabis Ib Dreferred atock. INTEREST RATES | 7o w0 “Interest Eq cv pf Interstat HM (1.40). Trving Alr Ch (1.50). Italian Superpow A.. Itallan Superb war. Johnson Motor Co, Jonas & Naumburg. Kolster-Br (Am Sh). Lackawanna Sec(4). Lefcourt Real pf (3) Leh Coal & Ni Lehigh Coal&Nav(n) Lehman (The) Corp. Lerper Stores (2) Lily T Cup (150). Loews Inc deb rts Lone Star, new (80c) Long Isl Light(60¢) . Long Isld Lt pf (7) Louisiana Lan & Ex. Mac Marr Stores. .. . Marine Mid Cp (1.20) Marion Steam Shov. 24 | 6y & Staff Correspondent of The Star. 181 | SEAT PLEASANT, Md., February 5. —Plans for reopening of the Southern | Maryland Trust Co. under local man- s | agement took shape last night when a 13 ' {pool committee was appointed at & meeting of stockholders. The plan calls for an 'ment whereby the par value of the shares of stocks will be cut and the cash sur- plus increased. Stockholders will be asked to pool their holdings and sub- scribe 50 per cent in addition to the par value of the shares owned by them. It is hoped the pool committee and subcommittees working under it will succeed in raising enough cash within the next few weeks to be able to go before the receiver and have the banks of the institution at Seat Pleasant and Upper Marlboro reopened. BY JOHN A. CRO! Special Dispatch to The Star. NEW YORK, February 5.—Utilities, oils and industrials today led the big- gest Curb session this year. With vol- ume more than 25 per cent greater than on any day thus far in 1930, the | tape fell far behind floor transactions. | Electric Bond & Share was the out- standing feature. Big blocks of it were taken by traders at advancing quota- tions. Opening with a lot of 6800 shares at 95': up 34, Electric Bond & Share rapidly rose to 98 where it en- countered some profit-taking. American & Foreign Power, which usually moves with Electric Bond & P o) 18% 18% 17 4% 4% 4w 4% 1% LY 13 81 3% 103 as 38% 5% 38% W 341y 40 110% 107% 5 3% 10% 25 28 89% 4 110 4% 1 23 [ FOTUTES - PP P T AP~ N (U oy 9 T 34 126% 13; 11 “i6 30 BOND MARKET AVERAGES From Yesterday's 5:30 Edition. By the Assoclated Pres: 3% 26% 1811 6 . 6 123% 13% 260 27\'5‘ - S w® & 7 1381 2 5 6% 133 270 527% 125 53 45 Share, ran up nearly .3 points, and American Snuperpower was up almost half that amount. American Gas & | Electric, which reported 1929 earnings of $6.11 a share against $7.98 in 1928, gained 5 points before the earnings ‘were announced. Accompanying the rise of power and light companies were holding and fi- mnance concerns such as Electric Power Associates, Central States Electric and Insull Utilities. Consolidated Gas of Baltimore rights made their bow at 4, but softened. Cities Service and Indian Territory Tluminating, its subsidiary, gain fur- nivshed the volume of trading in the oils. Extra dividends and merger rumors had more market effect on the oils than | the price cut in Pennsylvania crude. Payment of a Standard Oil of Ncbraska extra was merely another reflection of | good 1929 earnings. Standard of Indi- ana, which is expected soon to announce use of stock resulting from capital in- crease, again was active. ©Ohio Oil responded to the extra divi- dend declaration of the previous session. Improvement in the oils was mirrored in Petroleum Corporation of America, a company holding oil securities. Stand- ard Oil of Kentucky and Standard of Kansas opened higher. The naturre gas shares, in point of volume, again were led by Arkansas Natural Gas, while in fluctuations Lone , Star and ‘United Gas vied for leader- ship. Memphis Gas and’Dixie Gas & Utilities also moved ahead. BANKS PAY $134,555,448 CASH TO STOCKHOLDERS According to a study made by Clinton | Gilbert of the total amount of earnings distributed in cash by New York City banks to their stockholders during 1929 and 1928, payments last year amounted | 1o $134,555,448, as against $93,644,477 | in 1928, an increase of $40,910,971, or 4225 per cent. The figures represent cash dividends only and do not include stock dividends. The table includes 68 dividend payers, this being the number of banks report- ing. It 1s stated that of the 126 banks and trust companies in Greater New York, there are 70 institutions paying dividends on their capital stocks. The National City Bank tops the list with $20,750,000 for 1929, Chase National be- ing second with $15,990,000. ! Leaders among the institutions main- taining high dividend rates are the Kings County Trust Co., which in 1929 paid $105 per share; Pirst National Bank, $100; United Trust Company, $70, and Fifth Avenue Bank, $59. OYSTER BILLS FOUGHT AT PUBLIC HEARING Delegate Dovell Leads Sweeping | Opposition to Tidewater Legislation. By the Associated Press. RICHMOND, Va., February 5.—Sweep- ing opposition to the pending program | of sea food legislation, led by repre- s2ntatives of the industry and urged along by Ashton Dovell, member of the Hous2 of Delegates from Williamsburg, encountered the measure drafted by tidewater Jawmakers in a public hearing before committees of the General As- sembly yesterday afternoon. Gov. John Garland Pollard, who met with the tidewater members in planning the program, was present near the close of the session.and heard Delegate Dovell vigorously assail the proposal to have a commission appointed by the governor, with power to make regulations with the effect of law. The committee’s pro- gram has been regarded as an adminis- tration measure, although a special mes- sage from the executive on the subject | is yet to come. NEW YORK BANK STOCKS. NEW YORK, February 5 (®).— Banks. Ame:ica b Bankers ... ... Cent Hanover ; e (Reportec by J & W Seligman & Co.) Bid Offer. | 001: 101 102% Alls-Chalmers Co. 55 19; Aluminum Co. of Amer ‘Amer. Rolling Mills 5 Ameri Te T of Carada 65 1937 . o St. L. It M St. L) Southwe: Bwifi’ & Co. 55 193 : Union Ol Co. of Calif. 55 United Drug Co. 5s 1955, Western Electric Co. 55 1944 Wheeling Steel Corp. 3%as 19 Wheeling Steel Corp 4325 19: FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Neminal gold Seiling checks e London, pound. Paris, franc... 8 beig: Be 70 2% 9 16% 34% 130 3% 35 80% 9% 407 14% LY 9 2%, 163 ke 1y 106% 297 5 12% 130 14% 6 TN 6% 23 39% 4 2% 8% 1% 3% 5% 131% 650 % 175 32 15% 1004 78 35 1314 - i 28% 1050 29% 28% 6 247 121% 16% % €% 41% % 1% 39 17 14% 27 46 12% 6% 5% 48% 15 12% 86% 44 13 310 27% 36% 41 22 64y kil Am Mfg Co (3). 65% Am Mfg pf (5). 1% Am Maracaibo. 7% Am Natural Gas. ... 24% Am Sol Ch ev pf (3). 23% Am Superpower (1). 94% Am Super 1st pf (6) 5% Am Yvette (new) wi 11% Anchor Post ' (2)... 16'% Anglo-Am vot (73¢). 16% Anglo-Am vot rg 73c 16% Anglo-Am n-v (73c). 2% Anglo Nor Hold.... 9 Arcturus Rad Tube. . % Argo Oil 8% Arkansas 8% Arkans: T0% Nat G: Nat G 26's AsSso G & E A (12.40) Asso G&E A deb rts. 14% Auto Music (A) (1), 7% Auto Voting Mach. .. 14% Aut V Mcy prpt (2). 24% Aviation Corp of Am 122 Babcock&Wilcox t9. 2% Bahia Corp......... 31% Blaw-Knox Co (134). 234 Bliss Co (E W) (1).. 6% Blue Ridge Corp.. 3% Blue Rdg cv pf (a3) Blumenthal (S)..... Brazil Tr & Lt (2) 10% Brill Corp A (1%) 2% Brill Corp B.. 68% Buckeye P L (4) 32% Bulova cv pt (3 8 Burco. Inc.... . 3% Burma Corp (t31e).. 11% Butler Bros (30c)... 3% Cab&Wire LtdA rets 13 Cab&Wire LtdB rets 8% Can Marconi. . . % Carlb Syndicat, . 6 Cent Atlantic States. 22% Cent & Southw Util. 34% Cent P Sv A (al.75). 19 Cen States £l (340c) 4% Centrifug Pipe (60¢) 12% Chain Stores Stock. . 53a Ches & Ohio (new). . 2632 Cities Service (30¢) ¥8 Citles Serv pf (6)... 20 City Mach&Tool(12) 4% Clark Lighter A..... 63 Clev Bl lilum (1.60). 3% Club Alum Uten. 51 Colon Ofl..'vus.sns ' Columbia Syndicate. 95% Comwlith Pow pf (6). 3t Comwith & Sou war. 94 Com'with&Spte6). 11 96U 96% x84 Com'with Edison (8)210s 255% %56 121 Com WatSer (b6%) 2 13% 13% % Comstock Tunnel 4 CA M Coetts. 1% CA M Cocum pf.... 16 Consolidated Alreraf o Consolidated Copper 18% Con Dairy Prod 132). 904 Con Gas, Balto(3.60) 1% Con Gas Ut'A (2.20). 3 Cons Instrument. 10 Cons Laundrie 12% Continenta] Oil 5 Copeland Prod Inc 11% Cord Corp........... 12% Corroon & Reynolds. 78% Cor & Rey pfA (6).. 6415 Cosden Uil. ... { 6 Creole Petroleum. 18% Crocker Wheeler...., 36% Cr&Bpf (3%) ww. 2% Curtiss Airports vte. 1% Curtiss Wright war. 8 Darby Pet(1)....... 18% Davenport Hos (2).. 3 Dayton Air & Eng 23 De Forest Radio. 52 41 bW 126 Deere & Conew w.i.. 16 127 128 35 Deere & Co (36).....6258 620 625 5 Detroit AircrattCor. 10 6 6% 10% Dix Gas & Utilitles.. 2 16 16 29 Donner Steel. ... 120 29 12% Douglas Airc (76¢).. 4 18% 13% 100 Dow Chemical pf(7). 30s 101 101 62 Draper Corp (5)... 100s 64 64% 31 Dres(SR)MfgA3%. 1 36 36 8% Dubllier Cond&Rad.. 47 11% 11% 145 Duke Power (35).... 25s 1891 18914 4% Durant Molors...... & o 6% 25% EastGas& F Asso.. 3 28 28 18% kiast States Po B(1). 11 26% 26% 14 Eisler Electric (1%) 5 171 17% 80% Kl Bond & Sh (b6).. 1090 95': 99 103% (1 Bond & Shpf (6). 1105 105 24% klec Pow Asso (1) 40 29% 3du 22% Elec Pw Asso A (1).. z1 29% 324 28% KIP& Loptwar.... 34 35% 37% 994 ElP&L2dpfA(T).. 2 100% 100% 16%: Llec Sharehldg (31). 22 82 El Sharehold pf (6). 30% Imer Bromo Sel A 2. 40 Bmpire Pwr Corp(2) 19% Emp Pub Sv A(1.80) 20 Employ Reinsur 1%. % Engincers Goid. 18 Eng P S opt war. 4 Evans Wallow Lead. 2 Fabrics Finishing 5 Fansteel Products 33% Federal Screw (3) 1% Fiat Stk deb rt 17% Fiat Stk deb ris rei 49 Fischman Sons A. 26 Flintkote A (1.50) % [okker Afreraft.. Foltis Fischer Corp. Ford Motor Can A... 6 Ford Mot of France. 10% Ford Motor Ltd..... 2% Foundation For Shs. 33 Fourth NatlInv..... 24 Fox Theat CLA. 20 ‘Garlock Pkg (1.20). 3% General Baking..... 40% General Bak pt (6). . 11% Gen E Ltd rcts (50¢) 21 Gen Empire Corp. ... 13 GenGas&El (A)... 10% Gen Indus Alcohol. 8 Gen Laundry Mach 9% Gen Rity & Utilitl 69 Gen R & Utll pf (6).. 21 Glean Com Har n(1). 13% Glen Alden Coal (10) 11% Giobe Underwriters. Gold Coin. 3 Golden Cent 35 Goldman Sachs ( 4% Gold Seal Eln...... 1% Goth Knitback Mach 31% Graymur Corp...... 285% GrA&PTnv(6).. 116% Gr A & P Tea pf (7). 124 Greenfield Tap&Die. 12% Groc Stors Proa vie. 24y Ground Gripper (1). 38 Guardn Kire Assn(2) 28% Gunther Law (2).... 133 Gulf Ollof Pa (1%). 12 Hecla Mining (1).... 5 Helena Rubenstein. . 5 Hollinger Gold (60¢c) 41% Horn & Hard (2%).. 9% Houston Gulf G: 8% Hudson Bay M & 78 Humble Ofl (2)...... 87% Hydro Elec Serv (2). 42 10% Hygrade Food Pred. 20 12% 305 Illinois P L (20)....460s 308% 810 25% 1mp Ol Can n (50¢) 26 26% 26% 20% Indian Terr Illum... 38% Ind P L new (12%).. 17 Ind Fin ctfs (b10%). 54% Insull Ut Inv(b6%). 69% InsCoof N Am (13). 14% 33w 130 2% 33% 130 214 391 29% 9ty 40% 82 37% 15% 4% 67% 36k 8% 3% 115 2% 1% 3% 1 6 26 85u 267 6l 15 57% 30% 8814 20 1 7 wemto 504 esor [T ToT I STSP TS 3oy 0% 4% 6% b 961s 4% 15 27 104% 106 T 28 20% 4% 12 2z 183% 13% A. 11 13% 14% 2 7% 75 6 64 6% 6% 2 184 181 1 36% 36% 1 2% 2% 1 2% 2w 2 8% 8% 1 19 19% 1 3% 3% 9 HEREHEEAORR (SRR e couNCREDoa xBE 24% 24% 3% 8% 4d% 44 W 11% 28 231 14% 14% 1 1 115% 115% 7 16% 16% 48 & & 16 6% 6% 87 40m 41 7 3 8% 2 1% 1w 3 37w 38% 108 240 240 208 118 118 1 16% 16% 2 1% 14% 8 241 24% 6 43 43y 2 28% 28% 20 141% 141% 1 16% 12 83 52% 52, 904 70% 216 9% L 14% 22y 130 5% 30% BEly 20% 1 T0% 4% 5% % o 96 96% 4% 4% 964 96% 266% 256 13% 18% 15 104% 106% 28 28% 4 4% 12% 12% 18 13 5% bY% 13% 18W 134 14% % 64 64 6% 6% 18% 18% 36% 36% 2% 2% 2% 2 8% 8k 19% 19% 3% 3% 4 b 126 126% 620 - 625 6 6 16% 16% 29 29 13 101 64 g8 4 10 10% 189% 193 % an 28 28 26% 26% 17 173 95% 99 106 105 20% 31 20y 30% 35% STw 100% 100% 23% 24% 98 98 | 32% 32w | 49% 494 20% 20% 244 24% % % 21 4 2% 10% 8% 3% BY, 13% 83 231% 23% 115% 115% 16% 16% H 6 40 6% Q 40% 3% 1% 1% 3T 384 240 240 1us 1us 16% 16% 14% 14% 24% 241 42 42 28% 28%, 138% 139% 12% 5% 5% 43 16% 11% 814 15% 11% 81% 41% 42 10% 11% 307% 307% 26 25 35% 40 20 65 Marland of Mexico. . Mavis Bottling. Mayflower Assn McCord Rad B (2).. Memph Nat Gas Co.. Mer Chap & S(1.60) . Mesta Machine Mesabi lron. Met Chain St Midl Unit (b1% %) Mid Wst Util (b8%). Mid West Ut A wai Mid West Ut B wa Milgrim & Bros. . Miller & Sons (2)... Mo Kan P L (b10%). Moh Hud P 2d pt (7) Moody’s 1S pt pf (3) Morison Elec (31)... Mount Prod (1.60).. Municipal Service. Nachman Spring (3) Nat Aviation Nat Amer Co : Nat Dairy P pf A(7) Natl Fam Strs (1.60) Nat Fuel Gas (1).... Nat Investors (new) Nat Pub Sv A (1.60). Nat Screen Serv 1.60 Nat Steel Corp xw (2° Nat Transit (1) Nauheim Phar Nehi Corpn (1. Nelson (Herman) (2) New Brad Oil (50c). New Eng T& T (8). 2508 New Jer Zinc (4) 5 New Mex & Ariz Ld Newmont Min (34).. Newport Co (2)..... N Y Auction (1%).. N Y Invest (1.20)... Niag Hud Pw A war. Niagara Hud P(40c) Niag Hud Pw B war. Niagara Shares Md.. Niles Bement Pond. Noranda Mines (3 North Am Av! . North Cen Tex (60c) North St Pow A (8).. N W Engineer (2) Novadel Agene (2).. Ohto Copper. . Ohio Oil (2). Ohio Pub Ser pf A 7 Orange Crush (1.50) Otis Elevator new Outbd Mot A (1.80). Outboard Motor (B). Pac Pub Serv (1.30). 4 Pac Western Ol Pandem Oll. Pantepec Oil . Param C Mfg (2.40). Penn Mex Fuel (2).. Penn O Ed pr pf(7).. Pennroad Corp. Peop L&P A(a g Pepperell Mfg Co (8 Petrol Corp (1%).. Philip Morris Inc... Pillot Rad T A (1.20). Pitney B P n (20c).. Pitts Forging'Co.... Pitts & L E (5)..... Plymouth Oil (2)... Power Securities. .. Power Securities ptf. Pratt&Lambert (15) Premier Gold (24c).. Prince & Whitely. Prince&Whitely pf3. Prudential Inv . Pub Utll Hold PugSP&Ltpf (6 QR Sde Vry (80c).. 4 RainbowLumProd B Relter-Foster (40¢). Rel'nce Managemnt. Republic Steel n wi. Rep Steel cum pf wi Reynolds Bros Inc Reynolds Met n 2.40. Roan Antelope Min. . Rocklans Lt&P(92¢c). Rolls Roy Ltd rets. ., Roosevelt Field. Ine. Ruberoid Co (4).. St Lawrence Pap M. St Regis Paper (1).. 46 Safety Car H & L(8) 2758 Stfeway S war (2d). 10s Salt Creek Prod (2 3 Schulte Un 6e-31 Si Seeman Bros (3) T I o TSR e R & 24 1% 107% 103% 435 41 431 384 9% 8 9% 6% 21% Bla T 17 260 12% 22% 52 4 6% 22% 3 11% 6% 12 27% 34% 5% T 170 21% 2. 52% 10% 19% 130% 120% 210 176 12% 10% 4 2% 42% 36% % 6% Select Ind pr (6% ).. Sel Ind allot efs 53 .. Sentry Safety Cont. . Seton Leather (2). .. Shattuck Den Min. .. Sheff'r Pen (WA) (2) % Shenandoah Corp. .. Shenan Corp pf (a3) Sierra Pac Elec (2). Silica Gel ct. . % Sisto Fin Corp 4 Smith (A 0) (2 Sonora Products. South Coast. . South Penn Ol (2). . S E Powr & Lt (1.60) SEP&LPL(T).... S'east P&L pr pf(5). SoCal Ed pf A(1%). So Cal Ed pfB(1%).. Southern Corp. ..... So Ice & Utllities B, Southland Roy (1).. S W Bell Tell pt (7). S W Dairy Products. SWGasUtil....... Spanish & Gen Reg. . Sple May S pf (63%) . Stahl-Myer (1.20).. Stand Oil Expt pf(5) Stand Oil, Ind (2%). Stand Oil, Kan (2) Stand Oil, Ky (1.60), St Oil of Ohlo (2%).. Stand Pwr& Lt. B... Stand Pwr&Lt(new) Starrett Corp pf (6). Stein(A)& Co (1.60). Strauss Roth....... Stroock & Co (3). Stutz Motor Car, Sun Inv pf (3) B Superheater (13%).. Swift & Co new (2) Swift & Co (8)... Syrac Wash M B (1), ‘Taggart Corp (1).... ‘Tampa Electric (32). Taylor Milling (13). ‘Teck Hughes (60¢).. Texon Oil & Land. .. Thermold Co (2). Third Nat Inv (1) Timk Det Axle pf(7) 40 Tobacco & All Stks. Tobacco Pr Exports. Todd Shipyard (4).. Tonopah Min (15¢).. ‘Transamer (31.60).. ‘Tran Con Air Tran. . Trans Air Trans ¢ Transcontl Oil (30c LuxDLPS (A). Cont Corp war. ntinental Cor. ont Corp pf(6). ‘Tri-Util Cor (3$1.20). Triplez Safety Glass 1 Trunz Pork S (1.60). 19 24% Tub Art Silk B (10). 460s 140% 82% 26% Ungerleider F Corp.. 38 824 34 27% Union Amer Invest.., 1 34l 28% 26 UnNGCan(11.60).. 1 29 111% 108 100 88 29% 28% 26% 24% Th 4% 6 4% 16 10% 118% 117% 12% 1n 1% 821 28 98 b4% 30 35% 88% 67% 68 39% 181 11% 26% 4%, 43 41 34y 31 136% 129% 8% 8 19 b4t 21 4% 814 18% 28% 104 24 2 68 6 13 1 14 6 39 12 40 5 6% » 26 24 24% 178% 140% 138 324% 34y 29 % 143 324 341 20 138 2% 34y 29 % | large withdrawals, CHANGE IV BOSTON Commercial Loans Cheaperi in January on Account of Inactive Demand. | Special Dispatch to The Star. i BOSTON, February 5.—Changes in| the rates of interest for the various | classes of money in the Boston money market were not uniformly in the same direction between December 23 and January 23. Despite a distinct sea- sonal tendency for rates to decline in | January, the askin~ rate on bankers’ prime 90-day acceptances rose from 37% per cent to 4 per cent on January 11. The reason for rising acceptance rates at this time, says the Boston Fed- eral Reserve Bank, may lie in the con- tinued rapid growth in the supply which the market has had to absorb, even in spite of the apparently large demand. On December 31 there were $1,732,- 000,000 of bankers’ acceptances out- standing. This was a gain of $74,000,- 000 in one month, and was $448,000,000 higher than a year ago. _Similarly, the yield on short-term United States Treasury certificates of indebtedness rose from 2.0 per cent on December 23 to 3.5 per cent on January 23, using the March maturity as a base. On the other hand, the prevailing rate on brokers’ prime commercial paper early in January was 5 per cent, but by Janu- ary 20 the rate had eased somewhat, with some names as low as 4% per cent. Time money for six months in Boston was 51 per cent to 5' per cent on January 23, as compared with 55 per cent to 6 per cent on December 23. Call money in Boston was available at 5 per cent both in December and in ’ January. At the Boston banks the rate on time loans secured by prime Stock Exchange STOCKS. 50 Industrials. 1814 Previous day. Week ago Year ago. Two years ago. Three years ago, weekly High (1930) .. Low (1930) Total , 3,224, shal *All new highs for year. Today . Previous da; Week ago. Year ago. Two years ago. Three years ago, weekly aver. High (1930). Low (1930) GRAIN MARKET. CHICAGO, February 5 ().—Reacting late today from early advances in price, the wheat market here went decidedly below yesterday’s finish. Further dis- posal of Russian wheat to Great Britain was reported, with word also that 10,000 tons of wheat from Russia had arrived at Hamburg, Germany, unsold. Mean- while, export business today in wheat | from North America was slack, totaling but 300,000 ,bushels, mostly Canadian, and prices of Argentine wheat at Buenos Aires showed a pronounced drop. Wheat closed heavy, at the day’s bot- tom level, %c to 1%c a bushel under yesterday’s latest figures. Corn closed hcadc to 1c down; oats unchanged to 1;,ca%c off, and provisions varying from e decline to a rise of 10c. collateral showed practically no change |13 in January as compared with December, whereas the rate charged customers for | = OATS— “commercial” loans was 5 per cent, as against 5'>-6 per cent a month pre- vious, the decline in this latter class of credit being due largely to lack of ac- tive commercial demand during Janu- ary. r%'oul deposits reached a peak in the Boston banks soon after the stock mar- ket crash, and since October 30 have continued to decline, the temporary rise between December 18 and January 15 being probably seasonal in nature, and reversed by a sharp drop late in Janu- ary. This decline was the result of -3 372,000,08? in flde; mand deposits, which more than offse a fairly mhnthl rise ($23,000,000) in time deposits. Time deposits on Janu- ary 22 were at the highest point since the end of May, 1928. Following the break in the stock market, the trend in time deposits had been steadily down- ward until January 8, after which the expansion was rapid. NEW YORK COTTON. NEW YORK, February 5 (#).—Cot- ton opened steady today at an advance of 3 to 8 points. Traders seemed to ignore relatively easy cables from Liver- pool at the start, and there were some over night buying orders in the market which sent the price of May up to 16.42 and October to 16.79. The demand was supplied by realizing or a renewal of liquidation, however, while there was selling here by Liver- pool and New Orleans on the differ- ences. This supplied the early buying and prices eased later with the market showing net declines of about 1 to 5 points gy the end of the first half hour. Liverpool cables reported Continental and Bombay liquidation in that market and sald there were moderate cloth sales for Africa and South America, but. that the decline in silver and low ex:lhmge was restricting business in action. A% GaE i . ; 10 As Tel Util 5%s C 10 Bell T Can 55 A 'SS. 0 B Adm 8 63w UL are P 55 '56 3 Det jas 55 '50 981, 3 Det Int Brdg 7s '52.. 60 1Dix GG 6'25 A '37T ww 6% 2Empire OLR Sias 143 843 1 Federal Wat 5128 '54 9112 1Elk Rub oy A1 e 5 Memphis Nat G s 0 Bd 4148 D '8 B . sh % een s 31 ... 9713 PAL 65 A 2028 Xw 10343 g' 5s '52 9974 e .10.80 ‘1100 1120 10.77 10.85 1107 10.80 10.97 11.20 STEEL OUTPUT GAINS. NEW YORK, February 4 (#).—The Inland Steel Co. of Chicago has in- creased its ingot production to slightly above 85 per cent of rated capacity, a gain of between 5 and 10 points. The average for the several com les oper- ating in the Chicago district is about 90 per cent. +In ancient times borax was extremely rare and almost as precious as gold. We Solicit the Rental Management of Your Property Whether Apartment, Residence or Business Prompt Collections RENTS REMITTED THE DAY Our Rental Department is Most Complete and Efficient. We offer co-operation at all times in the solution of Ownership Problems, such as refinancing your mortgage, repairs, insurance, etc. Randall H. Hagner & Co. Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Ave. N.W. First Mortgage Notes Secured On D. C. Property Convenient Denominations Wm. S. Phillips & Co. Realtors 1501 K St. N.W. Nat'l 4600 Write or Phone Our Representative Will Call Equitable Co-operative Bldg. Ass'n Organized 1879 JOHN JOY EDSON, President Assets ,662,549.55 91.9 10,050,000, Standard Statistics Co.) 20 Rails. Utilities. 134.6% 134.2 132.%7 1394 1 STOCK MARKET VALUES SHOW GAIN IN JANUARY Special Dispatch to The Star. NEW YORK, February 5.—The market value of 100 representative common stock issues increased $1,827,637,000, or 6.3 per cent in January, to $31,270,621,000, according to Frazier Jelke & Co. The 100 stocks at the end of the month were selling higher than at any time since early in November. On October 31 the total was $32,951,358,000, and on No- vember 27, $28,768,490,00. The 100 stocks at the close of January were sell- ing for $6,996,237,000 more than on No- vember 13, 1929, and for $12,177,324,000 less than on August 30. The appraisal was slightly less than the total as of December 31, 1928. Only one of the 13 groups which constitute the Jelke index declined dur- ing January: the oils dropped three- tenths of 1 per cent. For the second consecutive month the largest gain was recorded in the electrical manufacturing shares, which advanced 18.1 per cent, compared with a gain of 14.2 per cent December. ‘This group now is selling at $2,759,618.- 000, compared with $1,630,596,000 on November 13. Other large gains were 9.1 Pzr cent in the chemicals, 8.7 per cent in the utilities, 7.9 per cent in the industrials, 7.3 per cent in the steels, 7.2 per cent in the amusements, 6.3 cent in the foods, 5.8 per cent in motors, and 5.1 per cent in the rails. The mines gained 4.4 per cent, the merchandising group 2.5 per cent, and the railroad equipments, 1.7 per cent. Ten Locomotives Ordered. 'ORK, February 5 (#)—The Lima Locomotive Works of Lima, Ohio, | has received an order from the Boston & Albany Railroad for 10 locomotives. RECEIVED Phone Decatur 3600 $250 Up The plan for the reopening of the bank was outlined at last night's meet- ing by Prank Hill, who explained it in detail and answered numerous queries of stockholders and their representa- tives during the session. It seemed to be the unanimous opinion that proposal outlined by Mr. Hill was ti only way to handle the situation. It was made clear that there is no sort of mllst(on with any other bank at this e, George N. Wells, former Prince Georges County commissioner, presided at the meeting. The stockholders pool committee as_selected comprises W. Seaton Belt, Dr. Z. M. Brady, A. O. Dille and W. F. Stembler. ‘The Southern Maryland Trust Co. was closed by order of George W. Page, bank commissioner of Maryland, on December 13. Samuel J. Henry, for- mer president of the F. H. Smith Co. and of the trust company, had resigned a few days previous, as did Hubert T. Plaster, secretary of the trust company. Frozen assets was given as the reason for the action, some of these assets consisting of F. H. Smith Co. paper. Commissioner Page was subsequently appointed receiver for the institution which has since been under the orders of the Circuit Court. Deposits of the institution consist of about $800,000, and if the plan pro- posed at last night's meeting is suc- ?eflsful all depositors will be paid in ull. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 625 LEADERS In American transpor- tation, public service, industry, commerce and finance are on the boards of directors of fifty corporations whose stocks are rep- resented in Diversified Trustee Shares Series C Full information will be sent on request. Waggaman, Brawner & Co. . INC. llvnll::nlchnlen 1700 Eye Street N.W. Washington, D. C. Metropolitan 3860 Franklin’s BIG REDUCTIONS Clean Up of 1929 Models NEW CARS I&S 100 400 “s 400 B0 135 Sedan (demonstrator) .$1,875 135 Conv. 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Available in denomina- tions as low as $250, Monthly Payments if Desired Send for Booklet, “The Success Plan,” - REALESTATE MORTGAGE & GUARANTY CorPORATION Capital Resources $3,400,000 24 JACKSON PLACE ’ '